Posted by Global Cashew Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Cashew Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cashew market report, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global cashew market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.
Cashews, harvested from the cashew tree (Anacardium occidentale), are edible tree nuts known for their versatile use, creamy texture, and mild flavor. Employed in a wide range of culinary applications, from snacks and desserts to savory dishes, they are prized for their nutritional richness. Packed with healthy fats, magnesium, vitamin E, antioxidants, copper, and protein, cashews are a valuable choice for health-conscious individuals. With a relatively low glycemic index, they serve as a suitable snack for those managing diabetes.
These nuts offer protection against oxidative damage caused by free radicals, reducing the risk of chronic diseases and contributing to overall well-being. Additionally, they play a vital role in maintaining healthy bones, nerves, and the production of red blood cells (RBCs). Cashews aid in lowering low-density lipoprotein (LDL) cholesterol levels, increasing high-density lipoprotein (HDL) cholesterol levels, and mitigating the risk of heart diseases. They support digestive health, induce a sense of fullness, and are beneficial for weight management. Furthermore, cashews contribute to the production of melanin, promoting the health of skin and hair. They assist in regulating blood pressure, reducing the risk of hypertension. Their positive impact extends to ensuring proper muscle function and enhancing the nervous system. As effective hunger suppressors, helping in calorie control and preventing overeating, the global demand for cashews is on the rise.
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Global Cashew Market Trends and Drivers:
Currently, the market is experiencing notable growth, driven significantly by the increasing preference for plant-based protein choices among environmentally conscious consumers. This trend is complemented by a growing emphasis on the consumption of healthful and nutritious food products. Moreover, there is a rising demand for clean-label and natural ingredients. Concurrently, heightened awareness among consumers regarding the health advantages of cashews, including their impact on skin, bone, and heart health, is creating lucrative opportunities for industry investors. This trend aligns with the increasing popularity of cashews in desserts, such as chocolate bars, ice cream, brownies, granola, trail mix, cheesecake, and cookies. The incorporation of cashews enhances the flavor, texture, and color of these products, while the recognition of cashews for their role in promoting proper muscle contraction and relaxation further contributes to market growth.
Additionally, the market is positively influenced by the introduction of flavored cashew nuts and cashew-based dairy alternatives. Improved processing techniques and equipment, enhancing efficiency and quality in cashew processing, further bolster the industry’s expansion. The wide availability of cashews through diverse distribution channels, including supermarkets, hypermarkets, convenience stores, and online platforms worldwide, is another factor supporting market growth. Furthermore, the increasing demand for cashews as a preventive measure against severe diseases is contributing to a positive market outlook. Overall, the combination of consumer preferences for plant-based options, a focus on health-conscious food choices, and the versatile use of cashews in various products is driving robust growth in the market.
Global Cashew Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Agrocel Industries Pvt. Ltd., Aryan International, Aurora Products Inc., Bata Food (BARDAKCIGROUP), CBL Natural Foods (Pvt) Ltd., Delicious Cashew Co., Delphi Organic GmbH, Divine Foods LLC, Haldiram’s, Kalbavi Cashews, Lafooco (PAN Group), Nutty Yogi, Royal Dry Fruits and Wonderland Foods
The report segmented the market on the basis of region, form, distribution channel and application.
Breakup by Form:
- Whole
- Roasted
- Powder
- Paste
- Splits
Breakup by Distribution Channel:
- Supermarkets
- Retailers
- Online Stores
- Others
Breakup by Application:
- Dairy Products
- Bakery Products
- Snacks and Bars
- Confectionaries
- Cereals
- Desserts
- Beverages
- Cosmetic Products
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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